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Showing posts from December, 2022

2023 will see the death of play-to-earn gaming

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Developers have been focusing more on tokens than on making fun games. As a result, GameFi has been dying. from Cointelegraph.com News https://ift.tt/lAyBGp1 via IFTTT

US lawmakers under pressure following FTX collapse: Report

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In response to FTX's fall, United States lawmakers are reevaluating the crypto industry's regulatory needs for 2023. from Cointelegraph.com News https://ift.tt/GW4KNFx via IFTTT

Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss

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Little fresh BTC price action greets traders in the final hours of 2022, with Bitcoin avoiding any form of last-minute trend change. from Cointelegraph.com News https://ift.tt/Pz746kU via IFTTT

Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

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2022 was an eventful year for the crypto world but not everyone came on top of it, we look at some of the biggest winners and losers from 2022. from Cointelegraph.com News https://ift.tt/Wcu4HFk via IFTTT

Sam Bankman-Fried to reportedly plead not guilty to criminal charges

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Following a court hearing on Dec. 22, SBF was released on bail and is slated to appear on court on Jan.3 before U.S. District Judge Lewis Kaplan in Manhattan. from Cointelegraph.com News https://ift.tt/yNwW2Vx via IFTTT

'Crypto winter' won't end in 2023 — Bitcoin advocate David Marcus

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It will be "another tough year" for crypto in the wake of the FTX scandal, suggests the former Meta executive turned Bitcoin Lightning Network advocate. from Cointelegraph.com News https://ift.tt/ojkge4S via IFTTT

Here's how SBF’s fake electronics outlet 'North Dimension' looks like

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A shop with obscure brand partners and generic texts, where you can't really buy anything. from Cointelegraph.com News https://ift.tt/rfcbVPx via IFTTT

Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

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Hedge funds and debt investors have already purchased some of the claims. from Cointelegraph.com News https://ift.tt/OPAWZkJ via IFTTT

Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern

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ETH price bulls struggle as futures remain trading below its fair value, signaling excessive demand for shorts. from Cointelegraph.com News https://ift.tt/PanTq5D via IFTTT

FTX founder reportedly cashes out $684K after being released on bail

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SBF has allegedly cashed out $684,000 from a crypto exchange in Seychelles while being under house arrest, according to an on-chain investigation. from Cointelegraph.com News https://ift.tt/NTFRabJ via IFTTT

Nic Carter dives into proof-of-reserves, ranks exchange attestations

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Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete. from Cointelegraph.com News https://ift.tt/dTZMVi6 via IFTTT

Two crypto-related ETFs were the worst-performing in Australia for 2022

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ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds. from Cointelegraph.com News https://ift.tt/WEiQDt2 via IFTTT

SBF met with Biden's senior advisors 2 months before FTX collapse: Report

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The FTX founder met with senior White House officials at least four times in 2022. from Cointelegraph.com News https://ift.tt/zxo6DrB via IFTTT

Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

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Bankruptcy judge Michael Kaplan reportedly said that on Jan. 9, he will review if the shares should be transferred to a neutral broker. from Cointelegraph.com News https://ift.tt/zFCpndi via IFTTT

Blockchain analytics unable to prevent FTX-level illicit schemes

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Blockchain tracker Whale Alert has attempted to scan FTX’s historical balance checks to find out whether it was possible to spot the collapse sooner. from Cointelegraph.com News https://ift.tt/Lvszt74 via IFTTT

BMW taps Coinweb and BNB chain for blockchain loyalty program

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BMW will integrate decentralized tech in two phases- first in its daily operations to eliminate complex paperwork, and the second phase would see the development of a customer loyalty program. from Cointelegraph.com News https://ift.tt/Ebk92wm via IFTTT

Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka

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Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation. from Cointelegraph.com News https://ift.tt/sc123dP via IFTTT

Alameda wallets funnel over $1.7M via crypto mixers overnight

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Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths. from Cointelegraph.com News https://ift.tt/D91SiqH via IFTTT

MicroStrategy to offer Bitcoin Lightning solutions in 2023

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MicroStrategy’s Lightning Network solutions include Satoshi-powered incentives for marketing and website cybersecurity. from Cointelegraph.com News https://ift.tt/1lMvamk via IFTTT

Canaan expects minor revenue drop in 2022 despite crypto mining crisis

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Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% in 2022. from Cointelegraph.com News https://ift.tt/7lXes1v via IFTTT

Midas Investments close down amid $63M DeFi portfolio deficit

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Midas CEO Iakov Levin said that after the Terra, FTX and Celsius collapse, users withdrew more than 60% of their assets under management. from Cointelegraph.com News https://ift.tt/heIjqi0 via IFTTT

SBF wants ‘Big Short’ FTX movie, Peter Schiff already calls it fiction

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The crypto community was not happy with the news that Big Short writer Michael Lewis met with the former FTX CEO. from Cointelegraph.com News https://ift.tt/x6rotcS via IFTTT

FTX customers file class-action lawsuit to get priority reparations

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Customer class members don’t want to stand in line along the creditors of a failed crypto platform. from Cointelegraph.com News https://ift.tt/2Owxpey via IFTTT

Argo Blockchain sells top mining facility to Galaxy Digital for $65M

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Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy. from Cointelegraph.com News https://ift.tt/oT9EXKc via IFTTT

Alameda wallets become active days after SBF bail, community mulls foul play

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The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing. from Cointelegraph.com News https://ift.tt/RWoBiPw via IFTTT

Executives from $1.5B South Korean crypto exchange fraud jailed

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The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term. from Cointelegraph.com News https://ift.tt/l7EhbOj via IFTTT

Kraken quits Japan for second time blaming a ‘weak crypto market’

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The crypto exchange said it will deregister from Japan’s Financial Services Agency as a Crypto Asset Exchange Operator from Jan. 31, 2023. from Cointelegraph.com News https://ift.tt/RH2klsc via IFTTT

Russia's largest bank issued gold-backed digital financial assets

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The issuance became the second major operations of the bank with the new class of assets. from Cointelegraph.com News https://ift.tt/SHTFPne via IFTTT

Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse

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The Philippine Securities and Exchanges Commission highlighted that it’s illegal to offer Filipinos access to unregistered exchanges. from Cointelegraph.com News https://ift.tt/PZ62X58 via IFTTT

Crypto OTC trading to get traction due to FTX fiasco, exec says

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The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs. from Cointelegraph.com News https://ift.tt/CEgaFBY via IFTTT

Bitcoin hodlers sit on record 8M BTC in unrealized loss, data shows

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The amount of Bitcoin held "underwater" in wallets continues to increase, hitting levels never seen in history. from Cointelegraph.com News https://ift.tt/xF1yI3a via IFTTT

Bitcoin ASIC miner prices hovering at lows not seen in years

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ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. from Cointelegraph.com News https://ift.tt/bmvqrBf via IFTTT

Community slams NYT for its latest 'sympathy piece' on FTX's Bankman-Fried

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The article bizarrely contrasts the alleged fraud carried out by Sam Bankman-Fried with gang violence on the Bahamian island of New Providence. from Cointelegraph.com News https://ift.tt/BoW9whq via IFTTT

SBF gets prison advice: Shave head, deepen voice and listen to rap

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Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends. from Cointelegraph.com News https://ift.tt/0KDphNg via IFTTT

Japan to lift the ban on foreign stablecoins like USDT in 2023: Report

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None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC. from Cointelegraph.com News https://ift.tt/QL376jk via IFTTT

FTX collapse calls for 'prudent regulation' in the UK

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The United Kingdom is taking cautionary lessons from the collapse of FTX as calls for greater regulation come from public and private sector institutions. from Cointelegraph.com News https://ift.tt/XjwZkR0 via IFTTT

ETH staking on top exchanges contributes to Ethereum censorship: Data

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One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges. from Cointelegraph.com News https://ift.tt/RCme2Wp via IFTTT

BTC price foregoes Santa rally as Bitcoin volatility hits record low

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Bitcoin has never been so boring, according to the Bitcoin historical volatility index, as Christmas 2022 offers nothing for BTC bulls or bears. from Cointelegraph.com News https://ift.tt/lKTNHxa via IFTTT

What are Handshake (HNS) domains, and how do they work?

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HNS aims to provide a decentralized alternative to the traditional domain name system (DNS) — here’s how. from Cointelegraph.com News https://ift.tt/oM9gZQn via IFTTT

1inch launches Fusion upgrade to improve swap security and profitability

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As a decentralized trading and matching system, the 1inch Swap Engine connects DeFi users and provides liquidity for crypto trades through professional market makers. from Cointelegraph.com News https://ift.tt/45que8R via IFTTT

The 5 most important regulatory developments for crypto in 2022

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The European Union has its regulatory framework, while the race is only kicking off in the United States. from Cointelegraph.com News https://ift.tt/ua7xm36 via IFTTT

What are reflection tokens and how do they work?

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Reflection tokens allow holders to earn passive returns from transaction fees by simply holding onto their assets. from Cointelegraph.com News https://ift.tt/7LFSfVG via IFTTT

DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss

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Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack. from Cointelegraph.com News https://ift.tt/r5qUtZm via IFTTT

Blockware sued over alleged misrepresentation of miners' performance

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The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages. from Cointelegraph.com News https://ift.tt/QrjUOAn via IFTTT

Crypto can get weird: The 5 strangest stories of the industry in 2022

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Filmmakers are interested in documenting one of this year’s weirdest stories in crypto, but what else made the list? from Cointelegraph.com News https://ift.tt/yjw2JC3 via IFTTT

Xmas dinner table: What to tell your family about what happened in crypto this year

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Christmas dinner could get awkward for crypto advocates who were adamant about their families investing last year — Cointelegraph compiled a small recap of what happened in crypto this year. from Cointelegraph.com News https://ift.tt/8ZP02IM via IFTTT

BTC price levels to watch as Bitcoin limps into Christmas under $17K

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The lack of volatility speaks volumes as one analyst argues that Bitcoin is only worth investing in below $12,000 or above $19,000. from Cointelegraph.com News https://ift.tt/jmCReNa via IFTTT

FTX paid $12M retainer to a New York law firm before bankruptcy filing

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Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services. from Cointelegraph.com News https://ift.tt/PkrfUYM via IFTTT

Public Bitcoin mining companies plagued with $4B of collective debt

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The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market. from Cointelegraph.com News https://ift.tt/0sF5ji6 via IFTTT

Top-five most Googled cryptocurrencies worldwide in 2022

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Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization. from Cointelegraph.com News https://ift.tt/KOjs4V1 via IFTTT